The Linear Accelerator Market in APAC is expected to grow from US$ 1108.85 million in 2019 to US$ 2204.39 million by 2027; it is estimated to grow at a CAGR of 9.3% from 2020 to 2027.
China, Australia, India, Japan, and South Korea are the major economies in APAC. With an incremental rise in the number of cancer patients, the medical industry is significantly adopting the linear accelerators for treating cancer patients. Cancer is the second major cause of death across the world and the economic impact of cancer is significant and is constantly increasing. In 2018, the World Health Organization (WHO), through its International Agency for Research on Cancer (IARC) estimated to have risen to 18.1 million new cases and 9.6 million deaths due to cancer. The rising incidence of cancer is due to various factors, such as ageing, unhealthy lifestyle, and rising population levels etc in in developing countries. . This is mainly true in rapidly emerging economies, where a shift is observed from cancers linked to infections and poverty to cancers related with lifestyles more typical of industrialized countries. Moreover, most cancers are diagnosed at the last stage of it. Therefore, as the incidence of cancer is increasing, the need for cost-efficient cancer treatment is growing, which, in turn has led to significant investments on new technologies to develop cutting-edge treatment options across the world. Thus, to improve the cancer diagnosis services is expected to create a significant demand for linear accelerators in the coming years, which is further anticipated to drive the market in APAC.Presence of various emerging economies along with rapid industrialization, massive population, and rising disposable income among individuals are the major factors driving the growth of the Asia Pacific linear accelerator market. However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of APAC. Although, China is the world’s leading raw material supplier for various industries and global manufacturing hub, it is the worst affected country due to COVID-19 outbreak in APAC followed by India which declared 10 weeks’ nationwide lockdown causing cease of business operations. Several governments across APAC are taking major actions such as travel bans, business shutdowns, and lockdowns to mitigate the COVID-19 outbreak, which on the other hand is affecting the revenue generation and growth opportunities in APAC.
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APAC Linear Accelerator Market Segmentation
APAC Linear Accelerator Market – By Energy Range
- Less than 4 MeV
- 4 MeV to 8 MeV
- 8 MeV to 12 MeV
- More than 12 MeV
APAC Linear Accelerator Market – By Application
- Industrial Radiography
- Cargo Screening
- Radiation Processing
- Others
APAC Linear Accelerator Market – By Industry
- Automotive
- Aerospace and Defense
- Medical
- Food and Beverages
- Metal and Mining
- Others
APAC Linear Accelerator Market – By Country
- China
- Australia
- India
- Japan
- South Korea
- Rest of APAC
APAC Linear Accelerator Market-Companies Mentioned
- Altair Technologies, Inc.
- BEVATECH GmbH
- CGN Dasheng
- Elekta AB
- IBA
- diondo GmbH
- Iotron Industries
- Mitsubishi Heavy Industries Machinery Systems, LTD.
- Varex Imaging Corporation
- Varian Medical Systems, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Energy Range, Application, Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1.Introduction
1.1Study Scope
1.2The Insight Partners Research Report Guidance
1.3Market Segmentation
1.3.1Linear Accelerator Market – by Energy Range
1.3.2Linear Accelerator Market – by Application
1.3.3Linear Accelerator Market – by Industry
1.3.4Linear Accelerator Market- by Country
2.Key Takeaways
3.Research Methodology
3.1Coverage
3.2Secondary Research
3.3Primary Research
4.Linear Accelerator Market Landscape
4.1Market Overview
4.2PEST Analysis
4.2.1Asia-Pacific PEST Analysis
4.3Ecosystem Analysis
4.4Expert Opinion
5.Linear Accelerator –Market Dynamics
5.1Market Drivers
5.1.1Incremental growth in number of cancer patients
5.1.2Exigency for robust Border Security
5.2Market Restraints
5.2.1Lack of adaptation of Radiotherapy Linear Accelerators in Low income developing and underdeveloped countries
5.3Market Opportunities
5.3.1Forthcoming need of linear accelerator technology in Food Processing Industry
5.4Future Trends
5.4.1Integration of AI and MI in Linear Accelerators
5.5Impact Analysis of Drivers and Restraints
6.Linear Accelerator Market – APAC Analysis
6.1Linear Accelerator Market Overview
6.2Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
6.3Market Positioning –Key Players
7.Linear Accelerator Market Analysis– by Energy Range
7.1Overview
7.2APAC Linear Accelerator Market Breakdown, by Energy Range, 2019 & 2027
7.3Less than 4 MeV
7.3.1Overview
7.3.2Less than 4 MeV Market Forecast and Analysis
7.44 MeV to 8 MeV
7.4.1Overview
7.4.24 MeV to 8 MeV Market Forecast and Analysis
7.58 MeV to 12 MeV
7.5.1Overview
7.5.28 MeV to 12 MeV Market Forecast and Analysis
7.6More than 12 MeV
7.6.1Overview
7.6.2More than 12 MeV Market Forecast and Analysis
8.Linear Accelerator Market Analysis– by Application
8.1Overview
8.2APAC Linear Accelerator Market Breakdown, by Application, 2019 & 2027
8.3Industrial Radiography
8.3.1Overview
8.3.2Industrial Radiography Market Forecast and Analysis
8.4Cargo Screening
8.4.1Overview
8.4.2Cargo Screening Market Forecast and Analysis
8.5Radiation Processing
8.5.1Overview
8.5.2Radiation Processing Market Forecast and Analysis
8.6Others
8.6.1Overview
8.6.2Others Market Forecast and Analysis
9.Linear Accelerator Market Analysis – by Industry
9.1Overview
9.2APAC Linear Accelerator Market Breakdown, by Industry, 2019 & 2027
9.3Automotive
9.3.1Overview
9.3.2Automotive Market Revenue and Forecast to 2027 (US$ Million)
9.4Aerospace and Defense
9.4.1Overview
9.4.2Aerospace and Defense Market Revenue and Forecast to 2027 (US$ Million)
9.5Medical
9.5.1Overview
9.5.2Medical Market Forecast and Analysis
9.6Food and Beverage
9.6.1Overview
9.6.2Food and Beverage Market Forecast and Analysis
9.7Metals and Mining
9.7.1Overview
9.7.2Metals and Mining Market Forecast and Analysis
9.8Others
9.8.1Overview
9.8.2Others Market Forecast and Analysis
10.Linear Accelerator Market – Country Analysis
10.1Overview
10.1.1APAC: Linear Accelerator Market, by Country
10.1.1.1Australia: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1Australia: Linear Accelerator Market, by Energy Range
10.1.1.1.2Australia: Linear Accelerator Market, by Application
10.1.1.1.3Australia: Linear Accelerator Market, by Industry
10.1.1.2China: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1China: Linear Accelerator Market, by Energy Range
10.1.1.2.2China: Linear Accelerator Market, by Application
10.1.1.2.3China: Linear Accelerator Market, by Industry
10.1.1.3India: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1India: Linear Accelerator Market, by Energy Range
10.1.1.3.2India: Linear Accelerator Market, by Application
10.1.1.3.3India: Linear Accelerator Market, by Industry
10.1.1.4Japan: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1Japan: Linear Accelerator Market, by Energy Range
10.1.1.4.2Japan: Linear Accelerator Market, by Application
10.1.1.4.3Japan: Linear Accelerator Market, by Industry
10.1.1.5South Korea: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1South Korea: Linear Accelerator Market, by Energy Range
10.1.1.5.2South Korea: Linear Accelerator Market, by Application
10.1.1.5.3South Korea: Linear Accelerator Market, by Industry
10.1.1.6Rest of APAC: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1Rest of APAC: Linear Accelerator Market, by Energy Range
10.1.1.6.2Rest of APAC: Linear Accelerator Market, by Application
10.1.1.6.3Rest of APAC: Linear Accelerator Market, by Industry
11.Impact of COVID-19 Pandemic on APAC Linear Accelerator Market
11.1Asia-Pacific
12.Industry Landscape
12.1Market Initiatives
12.2New Product Development
13.Company Profiles
13.1CGN Dasheng
13.1.1Key Facts
13.1.2Business Description
13.1.3Products and Services
13.1.4Financial Overview
13.1.5SWOT Analysis
13.1.6Key Developments
13.2Elekta AB
13.2.1Key Facts
13.2.2Business Description
13.2.3Products and Services
13.2.4Financial Overview
13.2.5SWOT Analysis
13.2.6Key Developments
13.3IBA
13.3.1Key Facts
13.3.2Business Description
13.3.3Products and Services
13.3.4Financial Overview
13.3.5SWOT Analysis
13.3.6Key Developments
13.4Mitsubishi Heavy Industries Machinery Systems, LTD.
13.4.1Key Facts
13.4.2Business Description
13.4.3Products and Services
13.4.4Financial Overview
13.4.5SWOT Analysis
13.4.6Key Developments
13.5Varex Imaging Corporation
13.5.1Key Facts
13.5.2Business Description
13.5.3Products and Services
13.5.4Financial Overview
13.5.5SWOT Analysis
13.5.6Key Developments
13.6Varian Medical Systems, Inc.
13.6.1Key Facts
13.6.2Business Description
13.6.3Products and Services
13.6.4Financial Overview
13.6.5SWOT Analysis
13.6.6Key Developments
14.Appendix
14.1About The Insight Partners
14.2Word Index
LIST OF TABLES
Table 1.APAC Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Table 2.Australia: Linear Accelerator Market, by Energy Range – Revenue and Forecast to 2027 (US$ Million)
Table 3.Australia: Linear Accelerator Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4.Australia: Linear Accelerator Market, by Industry – Revenue and Forecast to 2027 (US$ Million)
Table 5.China: Linear Accelerator Market, by Energy Ranges – Revenue and Forecast to 2027 (US$ Million)
Table 6.China: Linear Accelerator Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 7.China: Linear Accelerator Market, by Industry – Revenue and Forecast to 2027 (US$ Million)
Table 8.India: Linear Accelerator Market, by Energy Ranges – Revenue and Forecast to 2027 (US$ Million)
Table 9.India: Linear Accelerator Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 10.India: Linear Accelerator Market, by Industry – Revenue and Forecast to 2027 (US$ Million)
Table 11.Japan: Linear Accelerator Market, by Energy Ranges – Revenue and Forecast to 2027 (US$ Million)
Table 12.Japan: Linear Accelerator Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 13.Japan: Linear Accelerator Market, by Industry – Revenue and Forecast to 2027 (US$ Million)
Table 14.South Korea: Linear Accelerator Market, by Energy Range– Revenue and Forecast to 2027 (US$ Million)
Table 15.South Korea: Linear Accelerator Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 16.South Korea: Linear Accelerator Market, by Industry – Revenue and Forecast to 2027 (US$ Million)
Table 17.Rest of APAC: Linear Accelerator Market, by Energy Range – Revenue and Forecast to 2027 (US$ Million)
Table 18.Rest of APAC: Linear Accelerator Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 19.Rest of APAC: Linear Accelerator Market, by Industry – Revenue and Forecast to 2027 (US$ Million)
Table 20.List of Abbreviation
LIST OF FIGURES
Figure 1.APAC Linear Accelerator Market Segmentation
Figure 2.APAC Linear Accelerator Market, by Energy Range
Figure 3.APAC Linear Accelerator Market, by Application
Figure 4.APAC Linear Accelerator Market, by Industry
Figure 5.APAC Linear Accelerator Market, by Country
Figure 6.APAC Linear Accelerator Market Overview
Figure 7.Asia-Pacific – PEST Analysis
Figure 8.Ecosystem Analysis
Figure 9.Expert Opinion
Figure 10.APAC Linear Accelerator Market Impact Analysis of Drivers and Restraints
Figure 11.APAC Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12.APAC Linear Accelerator Market Breakdown, by Energy Range, 2019 & 2027 (%)
Figure 13.APAC Less than 4 MeV Market Revenue and Forecast to 2027(US$ Million)
Figure 14.APAC Services Market Revenue and Forecast to 2027 (US$ Million)
Figure 15.APAC 8 MeV to 12 MeV Market Revenue and Forecast to 2027(US$ Million)
Figure 16.APAC More than 12 MeV Market Revenue and Forecast to 2027(US$ Million)
Figure 17.APAC Linear Accelerator Market Breakdown, by Application, 2019 & 2027 (%)
Figure 18.APAC Industrial Radiography Market Revenue and Forecast to 2027(US$ Million)
Figure 19.APAC Cargo Screening Market Revenue and Forecast to 2027 (US$ Million)
Figure 20.APAC Radiation Processing Market Revenue and Forecast to 2027 (US$ Million)
Figure 21.APAC Others Market Revenue and Forecast to 2027 (US$ Million)
Figure 22.APAC Linear Accelerator Market Breakdown, by Industry (2019 and 2027)
Figure 23.APAC Automotive Market Revenue and Forecast to 2027(US$ Million)
Figure 24.APAC Aerospace and Defense Market Revenue and Forecast to 2027(US$ Million)
Figure 25.APAC Government and Defense Market Revenue and Forecast to 2027(US$ Million)
Figure 26.APAC Food and Beverage Market Revenue and Forecast to 2027(US$ Million)
Figure 27.APAC Metals and Mining Market Revenue and Forecast to 2027(US$ Million)
Figure 28.APAC Others Market Revenue and Forecast to 2027(US$ Million)
Figure 29.APAC: Linear Accelerator Market Revenue Share, by Country (2019 and 2027)
Figure 30.Australia: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31.China: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32.India: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33.Japan: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34.South Korea: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35.Rest of APAC: Linear Accelerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36.Impact of COVID-19 Pandemic in Asia Pacific Country Markets
The List of Companies - Asia Pacific Linear Accelerator Market
- Altair Technologies, Inc.
- BEVATECH GmbH
- CGN Dasheng
- Elekta AB
- IBA
- diondo GmbH
- Iotron Industries
- Mitsubishi Heavy Industries Machinery Systems, LTD.
- Varex Imaging Corporation
- Varian Medical Systems, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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